Talon Metals (TSE:TLO) Stock Price Up 12.3% – Here’s Why

Talon Metals Corp. (TSE:TLO) traded up 12.3% during trading on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.41. 5,416,822 shares changed hands during trading, an increase of 213% from the average session volume of 1,731,741 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on shares of Talon Metals from C$0.35 to C$0.50 and gave the stock a “buy” rating in a research report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$0.48.

Talon Metals Stock Performance

The company has a quick ratio of 5.62, a current ratio of 2.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of C$440.55 million, a PE ratio of -55.00 and a beta of 0.56. The company has a 50-day moving average price of C$0.41 and a two-hundred day moving average price of C$0.30.

Talon Metals Company Profile

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.